As per the Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Sona Blw Precision Forgings has informed that the Company has issued a Corporate Guarantee of an amount of USD 5,000,000 (Five Million US Dollars) in favour of Banco Citi Mexico S.A, on behalf of Sona BLW Edrive Mexicana, S.A.P.I. DE C.V.(Mexico Entity), a wholly owned subsidiary of the Company in Mexico, for opening letter of credit, to procure machineries and meet other capital expenditure requirements. The details as required under Regulation 30 read with Schedule III of the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated 11th July, 2023 are given under Annexure- A to this letter.
The above information is a part of company’s filings submitted to BSE.
